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Global Energy management system Market Size study, by device (Smart thermostats, In-house display , load control switches and smart plugs) Software (I...

Publisher:        Bizwit Research & Consulting LLP

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1 User License $3,950

Publication Date:  February, 2019

Price:       $3,950 / User License




TABLE OF CONTENTS
Chapter 1. Global energy management System Market Definition and Scope
1.1. Research Objective
1.2. Market Definition
1.3. Scope of The Study
1.4. Years Considered for The Study
1.5. Currency Conversion Rates
1.6. Report Limitation
Chapter 2. Research Methodology
2.1. Research Process
2.1.1. Data Mining
2.1.2. Analysis
2.1.3. Market Estimation
2.1.4. Validation
2.1.5. Publishing
2.2. Research Assumption
Chapter 3. Executive Summary
3.1. Global & Segmental Market Estimates & Forecasts, 2015-2025 (USD Billion)
3.2. Key Trends
Chapter 4. Global Energy management system Market Dynamics
4.1. Growth Prospects
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.2. Industry Analysis
4.2.1. Porter’s 5 Force Model
4.2.2. PEST Analysis
4.2.3. Value Chain Analysis
4.3. Analyst Recommendation & Conclusion
Chapter 5. Global Energy management system Market, By Device
5.1. Market Snapshot
5.2. Market Performance - Potential Model
5.3. Global Energy management system Market, Sub Segment Analysis
5.3.1. Smart thermostats
5.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
5.3.2. In-house display
5.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
5.3.3. Load control Switches
5.3.3.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.3.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
5.3.4. Smart Plugs
5.3.4.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.4.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
Chapter 6. Global Energy management system Market, By software
6.1. Market Snapshot
6.2. Market Performance - Potential Model
6.3. Global Energy management system Market, Sub Segment Analysis
6.3.1. Industrial energy management system
6.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
6.3.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
6.3.2. Utility Energy management system
6.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
6.3.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
6.3.3. Residential energy management system
6.3.3.1. Market estimates & forecasts, 2015-2025 (USD Billion)
6.3.3.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
6.3.4. Enterprise carbon and energy management
6.3.4.1. Market estimates & forecasts, 2015-2025 (USD Billion)
6.3.4.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
6.3.5. Others
6.3.5.1. Market estimates & forecasts, 2015-2025 (USD Billion)
6.3.5.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
Chapter 7. Global Energy management system Market, By application
7.1. Market Snapshot
7.2. Market Performance - Potential Model
7.3. Global Energy management system Market, Sub Segment Analysis
7.3.1. Building Energy Management system
7.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
7.3.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
7.3.2. Home energy management system
7.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
7.3.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
Chapter 8. Global Energy management system Market, By solution
8.1. Market Snapshot
8.2. Market Performance - Potential Model
8.3. Global Energy management system Market, Sub Segment Analysis
8.3.1. Demand response management
8.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
8.3.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
8.3.2. Carbon management system
8.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
8.3.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
8.3.3. Utility billing and customer information system
8.3.3.1. Market estimates & forecasts, 2015-2025 (USD Billion)
8.3.3.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
Chapter 9. Global Energy management system Market, By Vertical
9.1. Market Snapshot
9.2. Market Performance - Potential Model
9.3. Global Energy management system Market, Sub Segment Analysis
9.3.1. Telecom and IT
9.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
9.3.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.3.2. Power & Energy
9.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
9.3.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.3.3. Manufacturing
9.3.3.1. Market estimates & forecasts, 2015-2025 (USD Billion)
9.3.3.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.3.4. Office and commercial building
9.3.4.1. Market estimates & forecasts, 2015-2025 (USD Billion)
9.3.4.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.3.5. Municipal, University, school and hospital system
9.3.5.1. Market estimates & forecasts, 2015-2025 (USD Billion)
9.3.5.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)


Chapter 10. Global Energy management system Market, by Regional Analysis
10.1. Energy management system Market, Regional Market Snapshot (2015-2025)
10.2. North America Energy management system Market Snapshot
10.2.1. U.S.
10.2.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
10.2.1.2. Software breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.2.1.3. Solution breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.2.1.4. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.2.1.5. Vertical breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.2.1.6. Device breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.2.2. Canada
10.2.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
10.2.2.2. Software breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.2.2.3. Solution breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.2.2.4. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.2.2.5. Vertical breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.2.2.6. Device breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.3. Europe Energy management system Market Snapshot
10.3.1. U.K.
10.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
10.3.1.2. Software breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.3.1.3. Solution breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.3.1.4. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.3.1.5. Vertical breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.3.1.6. Device breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.3.2. Germany
10.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
10.3.2.2. Software breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.3.2.3. Solution breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.3.2.4. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.3.2.5. Vertical breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.3.2.6. Device breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.3.3. Rest of Europe
10.3.3.1. Market estimates & forecasts, 2015-2025 (USD Billion)
10.3.3.2. Software breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.3.3.3. Solution breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.3.3.4. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.3.3.5. Vertical breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.3.3.6. Device breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.4. Asia Energy management system Market Snapshot
10.4.1. China
10.4.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
10.4.1.2. Software breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.4.1.3. Solution breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.4.1.4. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.4.1.5. Vertical breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.4.1.6. Device breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.4.2. India
10.4.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
10.4.2.2. Software breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.4.2.3. Solution breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.4.2.4. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.4.2.5. Vertical breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.4.2.6. Device breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.4.3. Japan
10.4.3.1. Market estimates & forecasts, 2015-2025 (USD Billion)
10.4.3.2. Software breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.4.3.3. Solution breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.4.3.4. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.4.3.5. Vertical breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.4.3.6. Device breakdown estimates & forecasts, 2015-2025 (USD Billion)

10.4.4. Rest of Asia Pacific
10.4.4.1. Market estimates & forecasts, 2015-2025 (USD Billion)
10.4.4.2. Software breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.4.4.3. Solution breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.4.4.4. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.4.4.5. Vertical breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.4.4.6. Device breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.5. Latin America Energy management system Market Snapshot
10.5.1. Brazil
10.5.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
10.5.1.2. Software breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.5.1.3. Solution breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.5.1.4. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.5.1.5. Vertical breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.5.1.6. Device breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.5.2. Mexico
10.5.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
10.5.2.2. Software breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.5.2.3. Solution breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.5.2.4. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.5.2.5. Vertical breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.5.2.6. Device breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.6. Rest of The World
10.6.1. Middle East and Africa
10.6.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
10.6.1.2. Software breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.6.1.3. Solution breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.6.1.4. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.6.1.5. Vertical breakdown estimates & forecasts, 2015-2025 (USD Billion)
10.6.1.6. Device breakdown estimates & forecasts, 2015-2025 (USD Billion)
Chapter 11. Competitive Intelligence
11.1. Company Market Share (Subject to Data Availability)
11.2. Top Market Strategies
11.3. Company Profiles
11.3.1. Asea Brown Boveri (ABB) Ltd.
11.3.1.1. Overview
11.3.1.2. Financial (Subject to Data Availability)
11.3.1.3. Product Summary
11.3.1.4. Recent Developments
11.3.2. Cisco Systems, Inc.
11.3.3. General Electric Company
11.3.4. Honeywell International, Inc.
11.3.5. International Business Machine Corporation
11.3.6. Schneider Electric SE
11.3.7. Siemens AG
11.3.8. Emerson Electric Company
11.3.9. CA Technologies
11.3.10. Eaton Corporation PLC

Power Rental Market by Fuel Type (Diesel, Natural Gas), Equipment (Generators, Transformers, Load Banks), Power Rating (Up to 50 kW, 51–500 kW, 501-25...

Publisher:        MarketsandMarkets

# of Pages:        267

Rating: 

1 User License $7,150

Publication Date:  April, 2022

Price:       $7,150 / User License




1 INTRODUCTION 30
1.1 STUDY OBJECTIVES 30
1.2 MARKET DEFINITION 30
1.2.1 POWER RENTAL MARKET, BY END USER: INCLUSIONS & EXCLUSIONS 31
1.2.2 POWER RENTAL MARKET, BY FUEL TYPE: INCLUSIONS & EXCLUSIONS 32
1.2.3 POWER RENTAL MARKET, BY POWER RATING: INCLUSIONS & EXCLUSIONS 32
1.2.4 POWER RENTAL MARKET, BY APPLICATION: INCLUSIONS & EXCLUSIONS 33
1.2.5 POWER RENTAL MARKET, BY EQUIPMENT: INCLUSIONS & EXCLUSIONS 33
1.2.6 POWER RENTAL MARKET, BY RENTAL TYPE: INCLUSIONS & EXCLUSIONS 33
1.3 MARKETS COVERED 34
FIGURE 1 MARKETS COVERED: POWER RENTAL MARKET 34
FIGURE 2 GEOGRAPHIC SCOPE 34
1.4 YEARS CONSIDERED 35
1.5 CURRENCY 35
1.6 STAKEHOLDERS 35
1.7 SUMMARY OF CHANGES 36
2 RESEARCH METHODOLOGY 37
2.1 RESEARCH DATA 37
FIGURE 3 POWER RENTAL MARKET: RESEARCH DESIGN 38
FIGURE 4 POWER RENTAL MARKET: DATA TRIANGULATION 39
2.2 SECONDARY DATA 40
2.2.1 KEY DATA FROM SECONDARY SOURCES 40
2.3 PRIMARY DATA 41
2.3.1 KEY DATA FROM PRIMARY SOURCES 41
2.3.2 BREAK-UP OF PRIMARIES 42
2.4 SCOPE 43
FIGURE 5 MAIN METRICS CONSIDERED WHILE ASSESSING DEMAND FOR POWER RENTAL SOLUTIONS 44
2.5 MARKET SIZE ESTIMATION 44
2.5.1 DEMAND-SIDE ANALYSIS 44
FIGURE 6 YEAR-ON-YEAR CAPACITY ADDITION OF POWER RENTAL TECHNOLOGY ACROSS COUNTRIES IS KEY DETERMINING FACTOR FOR MARKET SIZE ESTIMATION 44
2.5.1.1 Key assumptions 45
2.5.1.2 Calculation 45
2.5.2 FORECAST 46
 
2.5.3 SUPPLY-SIDE ANALYSIS 46
FIGURE 7 YEAR-ON-YEAR REVENUE OF COMPANIES PROVIDING POWER RENTAL EQUIPMENT ACROSS REGIONS IS KEY DETERMINING FACTOR 46
2.5.3.1 Supply-side calculation 47
FIGURE 8 SUPPLY-SIDE CALCULATION ILLUSTRATION 47
3 EXECUTIVE SUMMARY 48
TABLE 1 GLOBAL POWER RENTAL MARKET SNAPSHOT 49
FIGURE 9 NORTH AMERICA HELD LARGEST SHARE OF POWER RENTAL MARKET
IN 2021 50
FIGURE 10 UTILITIES SEGMENT IS EXPECTED TO DOMINATE POWER RENTAL MARKET FROM 2022 TO 2027 50
FIGURE 11 501–2,500 KW SEGMENT IS EXPECTED TO HOLD LARGEST SIZE OF POWER RENTAL MARKET FROM 2022 TO 2027 51
FIGURE 12 GENERATORS SEGMENT IS EXPECTED TO CAPTURE LARGEST SIZE OF POWER RENTAL MARKET FROM 2022 TO 2027 51
FIGURE 13 DIESEL SEGMENT TO CAPTURE LARGEST SIZE OF POWER RENTAL MARKET
IN 2022 52
FIGURE 14 BASE LOAD/CONTINUOUS POWER SEGMENT IS EXPECTED TO CONTINUE TO HOLD LARGEST SIZE OF POWER RENTAL MARKET DURING FORECAST PERIOD 52
FIGURE 15 RETAIL RENTAL SEGMENT IS EXPECTED TO CONTINUE TO HOLD LARGER SIZE OF POWER RENTAL MARKET DURING FORECAST PERIOD 53
4 PREMIUM INSIGHTS 54
4.1 ATTRACTIVE OPPORTUNITIES IN POWER RENTAL MARKET, 2022–2027 54
FIGURE 16 FREQUENT POWER OUTAGES AND SURGING DEMAND FOR UNINTERRUPTED & RELIABLE POWER SUPPLY TO DRIVE GROWTH OF POWER RENTAL MARKET 54
4.2 POWER RENTAL MARKET, BY REGION 55
FIGURE 17 ASIA PACIFIC IS EXPECTED TO GROW AT FASTEST RATE IN GLOBAL POWER RENTAL MARKET DURING FORECAST PERIOD 55
4.3 POWER RENTAL MARKET, BY END USER 55
FIGURE 18 UTILITIES SEGMENT HELD LARGEST MARKET SHARE IN 2021 55
4.4 POWER RENTAL MARKET, BY APPLICATION 56
FIGURE 19 BASELOAD/ CONTINOUOUS POWER SEGMENT DOMINATED MARKET IN 2021 56
4.5 POWER RENTAL MARKET, BY POWER RATING 56
FIGURE 20 501–2,000 KW SEGMENT HELD LARGEST SHARE OF POWER RENTAL MARKET IN 2021 56
4.6 POWER RENTAL MARKET, BY FUEL TYPE 57
FIGURE 21 DIESEL SEGMENT IS EXPECTED TO DOMINATE POWER RENTAL MARKET DURING FORECAST PERIOD 2021 57
4.7 POWER RENTAL MARKET, BY EQUIPMENT 57
FIGURE 22 GENERATORS SEGMENT IS EXPECTED TO ACCOUNT FOR LARGEST MARKET SHARE IN 2021 57
4.8 POWER RENTAL MARKET, BY RENTAL TYPE 58
FIGURE 23 RETAIL RENTAL SEGMENT ACCOUNTED FOR LARGER SHARE OF POWER RENTAL MARKET IN 2021 58
5 MARKET OVERVIEW 59
5.1 INTRODUCTION 59
5.2 MARKET DYNAMICS 60
FIGURE 24 MARKET DYNAMICS FOR POWER RENTAL MARKET 60
5.2.1 DRIVERS 60
5.2.1.1 Rapid industrialization in developing economies of Asia Pacific 60
FIGURE 25 GREENFIELD PROJECT INVESTMENTS FOR MANUFACTURING AND CHEMICALS & CHEMICAL PRODUCTS IN ASIA, 2016–2020 61
5.2.1.2 Surging demand for uninterrupted & reliable power supply 62
FIGURE 26 AVERAGE DURATION OF TOTAL ANNUAL POWER INTERRUPTIONS IN US, 2013–2020 63
5.2.1.3 Growing need for electrification and continuous power supply in developing regions 63
TABLE 2 GLOBAL ELECTRICITY ACCESS RATE, 2019 64
5.2.2 RESTRAINTS 64
5.2.2.1 Growing adoption of renewable energy sources and energy storage technologies 64
FIGURE 27 INSTALLED RENEWABLE ELECTRICITY GENERATING CAPACITY, 2020–2050 65
FIGURE 28 INSTALLATION OF BATTERY STORAGE CAPACITY, 2020–2050 66
5.2.2.2 Stringent government regulations associated with generators 66
5.2.3 OPPORTUNITIES 67
5.2.3.1 Integration of power rental equipment with renewable energy sources 67
FIGURE 29 GLOBAL INVESTMENT IN POWER SECTOR, BY TECHNOLOGY, 2016–2021 67
5.2.3.2 Technological advancements in power rental equipment for operations enhancement 67
5.2.4 CHALLENGES 68
5.2.4.1 Increased operating expenditure of diesel generators owing to high fuel prices 68
FIGURE 30 CRUDE OIL SPOT PRICES, JANUARY 2018–JANUARY 2022 69
5.2.4.2 Raw material and component shortage and sudden fluctuation in demand for power rental equipment 69
5.3 PORTER’S FIVE FORCES ANALYSIS 70
FIGURE 31 POWER RENTAL MARKET: PORTER’S FIVE FORCES ANALYSIS 70
TABLE 3 POWER RENTAL MARKET: PORTER’S FIVE FORCES ANALYSIS 70
5.3.1 THREAT OF NEW ENTRANTS 71
5.3.2 BARGAINING POWER OF SUPPLIERS 71
5.3.3 BARGAINING POWER OF BUYERS 71
5.3.4 THREAT OF SUBSTITUTES 72
5.3.5 DEGREE OF COMPETITION 72
5.4 KEY STAKEHOLDERS & BUYING CRITERIA 72
5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS 72
FIGURE 32 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY TOP END USERS 72
TABLE 4 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY TOP END USERS (%) 73
5.4.2 BUYING CRITERIA 73
FIGURE 33 KEY BUYING CRITERIA FOR TOP 4 END USER 73
TABLE 5 KEY BUYING CRITERIA, BY POWER RATING 74
5.5 COVID-19 IMPACT ANALYSIS 74
5.5.1 COVID-19 HEALTH ASSESSMENT 74
FIGURE 34 COVID-19 GLOBAL PROPAGATION 75
FIGURE 35 COVID-19 PROPAGATION IN SELECTED COUNTRIES 75
5.5.2 COVID-19 ECONOMIC ASSESSMENT 76
FIGURE 36 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020 76
5.6 AVERAGE SELLING PRICE TREND 76
FIGURE 37 GLOBAL AVERAGE 24 HOURS RENTAL PRICE OF GENERATORS, 2021 77
5.7 VALUE CHAIN ANALYSIS 77
FIGURE 38 VALUE CHAIN ANALYSIS: POWER RENTAL MARKET 78
5.7.1 COMPONENT MANUFACTURES 78
5.7.2 EQUIPMENT MANUFACTURERS/ASSEMBLERS 79
5.7.3 END USERS 79
5.7.4 MAINTENANCE AND REPAIRS 79
5.8 TECHNOLOGY ANALYSIS 79
5.8.1 DIRECT POWER INSTALLATION TECHNOLOGY 79
5.8.2 POWER MANAGEMENT SYSTEMS 79
5.8.3 ASSET PERFORMANCE MANAGEMENT SYSTEMS 80
5.9 KEY CONFERENCES & EVENTS TO BE HELD DURING 2022–2023 80
TABLE 6 POWER RENTAL MARKET: DETAILED LIST OF CONFERENCES & EVENTS 80
5.10 MARKET MAP 82
FIGURE 39 MARKET MAP: POWER RENTAL MARKET 83
5.11 CASE STUDY ANALYSIS 84
5.11.1 APRIL 2020: MEMS PROVIDED POWER SUPPLY TO NHS NIGHTINGALE HOSPITAL IN LONDON IN SHORT SPAN DURING COVID-19 84
5.11.2 DECEMBER 2019: AGGREKO PROVIDED POWER RENTAL SOLUTIONS FOR 4 MW OFF-GRID GAS PLANT FOR MINE REOPENING 84
5.11.3 JANUARY 2021: PR POWER PROVIDED POWER RENTAL EQUIPMENT IN SHORT SPAN IN WESTERN AUSTRALIA 85
5.12 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 85
5.12.1 REVENUE SHIFT AND NEW REVENUE POCKETS 85
FIGURE 40 REVENUE SHIFT FOR POWER RENTAL 86
5.13 INNOVATIONS AND PATENT REGISTRATIONS 86
TABLE 7 POWER EQUIPMENT: INNOVATIONS AND PATENT REGISTRATIONS,
2017–2021 86
5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 91
TABLE 8 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 91
TABLE 9 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 92
TABLE 10 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 92
TABLE 11 REST OF WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 93
TABLE 12 GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 93
5.13.2 CODES AND REGULATIONS RELATED TO POWER RENTAL EQUIPMENT 94
TABLE 13 NORTH AMERICA: CODES AND REGULATIONS 94
TABLE 14 ASIA PACIFIC: CODES AND REGULATIONS 95
TABLE 15 REST OF THE WORLD: CODES AND REGULATIONS 95
TABLE 16 GLOBAL: CODES AND REGULATIONS 96
5.14 TRADE DATA STATISTICS 98
TABLE 17 GLOBAL IMPORT DATA OF GENERATORS, 2018–2020 (USD MILLION) 98
TABLE 18 GLOBAL EXPORT DATA OF GENERATORS, 2018–2020 (USD MILLION) 99
5.15 TARIFFS, CODES, AND REGULATIONS 99
TABLE 19 RESIDENTIAL ELECTRICITY PRICES IN SELECTED ECONOMIES, 2018 100
5.15.1 TARIFFS RELATED TO GENERATORS 101
TABLE 20 IMPORT TARIFFS FOR HS 850161 AC GENERATORS OF OUTPUT < 75 KVA 101
TABLE 21 IMPORT TARIFFS FOR HS 850162 AC GENERATORS OF OUTPUT 75–375 KVA 102
TABLE 22 IMPORT TARIFFS FOR HS 850163 AC GENERATORS OF OUTPUT
375–750 KVA 103
TABLE 23 IMPORT TARIFFS FOR HS 850164 AC GENERATORS OF OUTPUT > 750 KVA 105
6 POWER RENTAL MARKET, BY FUEL TYPE 107
6.1 INTRODUCTION 108
FIGURE 41 POWER RENTAL MARKET SHARE, BY FUEL TYPE, 2021 108
TABLE 24 POWER RENTAL MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION) 108
6.2 DIESEL 109
6.2.1 EASY AVAILABILITY AND STORAGE OF DIESEL ARE DRIVING DIESEL SEGMENT 109
TABLE 25 DIESEL: POWER RENTAL MARKET, BY REGION, 2020–2027 (USD MILLION) 109
6.3 NATURAL GAS 110
6.3.1 EXPANDING GAS DISTRIBUTION NETWORK TO DRIVE GROWTH OF NATURAL GAS SEGMENT DURING FORECAST PERIOD 110
TABLE 26 NATURAL GAS: POWER RENTAL MARKET, BY REGION,
2020–2027 (USD MILLION) 110
6.4 OTHERS 111
TABLE 27 OTHERS: POWER RENTAL MARKET, BY REGION, 2020–2027 (USD MILLION) 111
7 POWER RENTAL MARKET, BY POWER RATING 112
7.1 INTRODUCTION 113
FIGURE 42 POWER RENTAL MARKET SHARE, BY POWER RATING, 2021 113
TABLE 28 POWER RENTAL MARKET, BY POWER RATING, 2020–2027 (USD MILLION) 113
 
7.2 UP TO 50 KW 114
7.2.1 UP TO 50 KW POWER RENTAL EQUIPMENT ARE COMPACT AND PORTABLE 114
TABLE 29 UP TO 50 KW: POWER RENTAL MARKET, BY REGION,
2020–2027 (USD MILLION) 114
7.3 51 KW–500 KW 114
7.3.1 GENERATORS IN 51 KW–500 KW POWER RATING CATEGORY ARE MOSTLY USED IN CONSTRUCTION AND OIL & GAS INDUSTRIES 114
TABLE 30 51 KW–500 KW: POWER RENTAL MARKET, BY REGION,
2020–2027 (USD MILLION) 115
7.4 501 KW – 2,500 KW 115
7.4.1 501–2,500 KW GENERATORS ARE MAINLY USED TO PROVIDE STANDBY POWER 115
TABLE 31 501 KW–2,500 KW: POWER RENTAL MARKET, BY REGION,
2020–2027 (USD MILLION) 115
7.5 ABOVE 2,500 KW 116
7.5.1 ABOVE 2,500 KW GENERATORS ARE USED FOR UNINTERRUPTED POWER SUPPLY IN MINING AND OFFSHORE OIL & GAS OPERATIONS 116
TABLE 32 ABOVE 2,500 KW: POWER RENTAL MARKET, BY REGION,
2020–2027 (USD MILLION) 116
8 POWER RENTAL MARKET, BY APPLICATION 117
8.1 INTRODUCTION 118
FIGURE 43 POWER RENTAL MARKET SHARE, BY APPLICATION, 2021 118
TABLE 33 POWER RENTAL MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 118
8.2 PEAK SHAVING 119
8.2.1 NEED TO REDUCE UTILITY COSTS DRIVES DEMAND FOR PEAK SHAVING 119
TABLE 34 PEAK SHAVING: POWER RENTAL MARKET, BY REGION,
2020–2027 (USD MILLION) 119
8.3 STANDBY POWER 120
8.3.1 REQUIREMENT OF POWER DURING GRID OUTAGE IS DRIVING DEMAND FOR STANDBY POWER 120
TABLE 35 STANDBY POWER: POWER RENTAL MARKET, BY REGION,
2020–2027 (USD MILLION) 120
8.4 BASE LOAD/CONTINUOUS POWER 121
8.4.1 INCREASING DEMAND FROM UTILITIES AND MINING END USERS IS DRIVING BASE LOAD/CONTINUOUS POWER SEGMENT 121
TABLE 36 BASE LOAD/CONTINUOUS POWER: POWER RENTAL MARKET, BY REGION, 2020–2027 (USD MILLION) 121
9 POWER RENTAL MARKET, BY EQUIPMENT 122
9.1 INTRODUCTION 123
FIGURE 44 POWER RENTAL MARKET SHARE, BY EQUIPMENT, 2021 123
TABLE 37 POWER RENTAL MARKET, BY EQUIPMENT, 2020–2027 (USD MILLION) 123
9.2 GENERATORS 124
9.2.1 GENERATORS ARE USED FOR STANDBY POWER APPLICATIONS IN TELECOM, DATA CENTER, AND OTHER INDUSTRIES 124
TABLE 38 GENERATORS: POWER RENTAL MARKET, BY REGION,
2020–2027 (USD MILLION) 124
9.3 TRANSFORMERS 125
9.3.1 INCREASING DEMAND FOR UTILITY-SCALE TEMPORARY POWER PLANTS IS DRIVING TRANSFORMERS MARKET 125
TABLE 39 TRANSFORMERS: POWER RENTAL MARKET, BY REGION,
2020–2027 (USD MILLION) 125
9.4 LOAD BANKS 126
9.4.1 INCREASING NUMBER OF POWER PLANT INSTALLATIONS WORLDWIDE IS FUELING DEMAND FOR LOAD BANK 126
TABLE 40 LOAD BANKS: POWER RENTAL MARKET, BY REGION,
2020–2027 (USD MILLION) 126
9.5 OTHERS 127
TABLE 41 OTHERS: POWER RENTAL MARKET, BY REGION, 2020–2027 (USD MILLION) 127
10 POWER RENTAL MARKET, BY END USER 128
10.1 INTRODUCTION 129
FIGURE 45 POWER RENTAL MARKET, BY END USER, 2021 129
TABLE 42 POWER RENTAL MARKET, BY END USER, 2020–2027 (USD MILLION) 130
10.2 UTILITIES 130
10.2.1 INCREASING DEMAND FOR CONTINUOUS POWER IS DRIVING DEMAND FOR POWER RENTAL SOLUTIONS FROM UTILITIES 130
TABLE 43 UTILITIES: POWER RENTAL MARKET, BY REGION, 2020–2027 (USD MILLION) 131
10.3 OIL & GAS 131
10.3.1 GROWING OIL AND GAS EXPLORATIONS IS DRIVING MARKET FOR POWER RENTAL SOLUTIONS 131
TABLE 44 OIL & GAS: POWER RENTAL MARKET, BY REGION,
2020–2027 (USD MILLION) 132
10.4 MINING & METALS 132
10.4.1 GROWING EXPLORATION OF METALS & MINERALS THROUGH MINING IS DRIVING MARKET FOR POWER RENTAL SOLUTIONS 132
TABLE 45 MINING & METALS: POWER RENTAL MARKET, BY REGION,
2020–2027 (USD MILLION) 132
10.5 MANUFACTURING 133
10.5.1 INCREASING INVESTMENT IN MANUFACTURING SECTOR IN ASIA PACIFIC IS DRIVING POWER RENTAL MARKET 133
TABLE 46 MANUFACTURING: POWER RENTAL MARKET, BY REGION,
2020–2027 (USD MILLION) 133
10.6 CONSTRUCTION 134
10.6.1 INFRASTRUCTURE DEVELOPMENT ACTIVITIES IN SOUTHEAST ASIAN COUNTRIES IS EXPECTED TO PROPEL MARKET GROWTH 134
TABLE 47 CONSTRUCTION: POWER RENTAL MARKET, BY REGION,
2020–2027 (USD MILLION) 134
10.7 IT & DATA CENTERS 135
10.7.1 INCREASING NUMBER OF DATA CENTRES IS DRIVING MARKET FOR POWER RENTAL SOLUTIONS 135
TABLE 48 IT & DATA CENTERS: POWER RENTAL MARKET, BY REGION,
2020–2027 (USD MILLION) 135
10.8 CORPORATE & RETAIL 135
10.8.1 MASSIVE INVESTMENTS IN CORPORATE SECTOR BY BOTH PUBLIC AND PRIVATE ENTERPRISES IS EXPECTED TO PROPEL MARKET GROWTH 135
TABLE 49 CORPORATE & RETAIL: POWER RENTAL MARKET, BY REGION,
2020–2027 (USD MILLION) 136
10.9 EVENTS 136
10.9.1 GROWING NUMBER OF PUBLIC EVENTS IS BOOSTING DEMAND FOR POWER RENTAL SOLUTIONS 136
TABLE 50 EVENTS: POWER RENTAL MARKET, BY REGION, 2020–2027 (USD MILLION) 136
10.10 OTHERS 137
TABLE 51 OTHERS: POWER RENTAL MARKET, BY REGION, 2020–2027 (USD MILLION) 137
11 POWER RENTAL MARKET, BY RENTAL TYPE 138
11.1 INTRODUCTION 139
FIGURE 46 POWER RENTAL MARKET SHARE, BY RENTAL TYPE, 2021 139
TABLE 52 POWER RENTAL MARKET, BY RENTAL TYPE, 2020–2027(USD MILLION) 139
11.2 RETAIL RENTAL 140
11.2.1 REQUIREMENT FOR CONTINUOUS POWER SUPPLY DURING PEAK HOURS AND POWER OUTAGES IS DRIVING MARKET 140
TABLE 53 RETAIL RENTAL: POWER RENTAL MARKET, BY REGION,
2020–2027 (USD MILLION) 140
11.3 PROJECT RENTAL 141
11.3.1 DEMAND FOR RENTAL POWER FROM UTILITIES AND OTHER LONG-DURATION USERS IS PROPELLING MARKET GROWTH 141
TABLE 54 PROJECT RENTAL: POWER RENTAL MARKET, BY REGION,
2020–2027(USD MILLION) 141
12 POWER RENTAL MARKET, BY REGION 142
12.1 INTRODUCTION 143
FIGURE 47 REGIONAL SNAPSHOT: ASIA PACIFIC TO BE FASTEST-GROWING MARKET,
BY VALUE, DURING FORECAST PERIOD 143
FIGURE 48 POWER RENTAL MARKET SHARE (VALUE), BY REGION, 2021 143
TABLE 55 POWER RENTAL MARKET, BY REGION, 2020–2027 (USD MILLION) 144
12.2 ASIA PACIFIC 144
FIGURE 49 SNAPSHOT: POWER RENTAL MARKET IN ASIA PACIFIC 145
12.2.1 BY FUEL TYPE 145
TABLE 56 ASIA PACIFIC: POWER RENTAL MARKET, BY FUEL TYPE,
2020–2027 (USD MILLION) 145
12.2.2 BY POWER RATING 146
TABLE 57 ASIA PACIFIC: POWER RENTAL MARKET, BY POWER RATING,
2020–2027 (USD MILLION) 146
12.2.3 BY APPLICATION 146
TABLE 58 ASIA PACIFIC: POWER RENTAL MARKET, BY APPLICATION,
2020–2027 (USD MILLION) 146
12.2.4 BY END USER 146
TABLE 59 ASIA PACIFIC: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION) 146
12.2.5 BY RENTAL TYPE 147
TABLE 60 ASIA PACIFIC: POWER RENTAL MARKET, BY RENTAL TYPE,
2020–2027 (USD MILLION) 147
12.2.6 BY EQUIPMENT 147
TABLE 61 ASIA PACIFIC: POWER RENTAL MARKET, BY EQUIPMENT,
2020–2027 (USD MILLION) 147
12.2.7 BY COUNTRY 147
TABLE 62 ASIA PACIFIC: POWER RENTAL MARKET, BY COUNTRY,
2020–2027 (USD MILLION) 147
12.2.7.1 China 148
12.2.7.1.1 Rise in energy demand due to rapid urbanization and industrialization to create growth opportunities 148
TABLE 63 CHINA: POWER RENTAL MARKET, BY END USER, 2020–2027 (USD MILLION) 149
12.2.7.2 India 149
12.2.7.2.1 Increased need for reliable electricity and rapid economic growth to drive market in India 149
TABLE 64 INDIA: POWER RENTAL MARKET, BY END USER, 2020–2027 (USD MILLION) 150
12.2.7.3 Australia 150
12.2.7.3.1 Development of construction and mining activities to accelerate market growth in Australia 150
TABLE 65 AUSTRALIA: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION) 151
12.2.7.4 Japan 151
12.2.7.4.1 High demand from utilities due to renovation of grid infrastructure is expected to drive power rental market in Japan 151
TABLE 66 JAPAN: POWER RENTAL MARKET, BY END USER, 2020–2027 (USD MILLION) 152
12.2.7.5 South Korea 152
12.2.7.5.1 Growing investments in manufacturing and marine industries in South Korea to drive market growth 152
TABLE 67 SOUTH KOREA: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION) 153
12.2.7.6 Bangladesh 153
12.2.7.6.1 Growing manufacturing sector and weak T&D infrastructure drive market growth in Bangladesh 153
TABLE 68 BANGLADESH: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION) 154
12.2.7.7 Rest of Asia Pacific 154
TABLE 69 REST OF ASIA PACIFIC: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION) 155
 
12.3 NORTH AMERICA 155
FIGURE 50 SNAPSHOT: POWER RENTAL MARKET IN NORTH AMERICA 156
12.3.1 BY FUEL TYPE 156
TABLE 70 NORTH AMERICA: POWER RENTAL MARKET, BY FUEL TYPE,
2020–2027 (USD MILLION) 156
12.3.2 BY POWER RATING 157
TABLE 71 NORTH AMERICA: POWER RENTAL MARKET, BY POWER RATING,
2020–2027 (USD MILLION) 157
12.3.3 BY APPLICATION 157
TABLE 72 NORTH AMERICA: POWER RENTAL MARKET, BY APPLICATION,
2020–2027 (USD MILLION) 157
12.3.4 BY END USER 157
TABLE 73 NORTH AMERICA: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION) 157
12.3.5 BY RENTAL TYPE 158
TABLE 74 NORTH AMERICA: POWER RENTAL MARKET, BY RENTAL TYPE,
2020–2027 (USD MILLION) 158
12.3.6 BY EQUIPMENT 158
TABLE 75 NORTH AMERICA: POWER RENTAL MARKET, BY EQUIPMENT,
2020–2027 (USD MILLION) 158
12.3.7 BY COUNTRY 158
TABLE 76 NORTH AMERICA: POWER RENTAL MARKET, BY COUNTRY,
2020–2027 (USD MILLION) 158
12.3.7.1 US 159
12.3.7.1.1 Increasing investment in construction, oil & gas exploration, and mining activities is driving power rental market in US 159
TABLE 77 US: POWER RENTAL MARKET, BY END USER, 2020–2027 (USD MILLION) 159
12.3.7.2 Canada 160
12.3.7.2.1 Rising initiation of new mining and construction projects to boost market growth in Canada 160
TABLE 78 CANADA: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION) 161
12.3.7.3 Mexico 161
12.3.7.3.1 Increasing investments in oil & gas industry and data centers is propelling market growth in Mexico 161
TABLE 79 MEXICO: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION) 162
12.4 MIDDLE EAST & AFRICA 162
12.4.1 BY FUEL TYPE 163
TABLE 80 MIDDLE EAST & AFRICA: POWER RENTAL MARKET, BY FUEL TYPE,
2020–2027 (USD MILLION) 163
12.4.2 BY POWER RATING 163
TABLE 81 MIDDLE EAST & AFRICA: POWER RENTAL MARKET, BY POWER RATING, 2020–2027 (USD MILLION) 163
 
12.4.3 BY APPLICATION 163
TABLE 82 MIDDLE EAST & AFRICA: POWER RENTAL MARKET, BY APPLICATION,
2020–2027 (USD MILLION) 163
12.4.4 BY END USER 164
TABLE 83 MIDDLE EAST & AFRICA: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION) 164
12.4.5 BY RENTAL TYPE 164
TABLE 84 MIDDLE EAST & AFRICA: POWER RENTAL MARKET, BY RENTAL TYPE,
2020–2027 (USD MILLION) 164
12.4.6 BY EQUIPMENT 165
TABLE 85 MIDDLE EAST & AFRICA: POWER RENTAL MARKET, BY EQUIPMENT,
2020–2027 (USD MILLION) 165
12.4.7 BY COUNTRY 165
TABLE 86 MIDDLE EAST & AFRICA: POWER RENTAL MARKET, BY COUNTRY,
2020–2027 (USD MILLION) 165
12.4.7.1 Saudi Arabia 166
12.4.7.1.1 Rising investment in oil & gas sector and data centers is favoring market growth 166
TABLE 87 SAUDI ARABIA: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION) 166
12.4.7.2 UAE 167
12.4.7.2.1 Demand from construction, oilfields, and manufacturing sectors leading to growth of power rental market in UAE 167
TABLE 88 UAE: POWER RENTAL MARKET, BY END USER, 2020–2027 (USD MILLION) 167
12.4.7.3 Qatar 168
12.4.7.3.1 Events and construction industries are expected to drive power rental market in Qatar 168
TABLE 89 QATAR: POWER RENTAL MARKET, BY END USER, 2020–2027 (USD MILLION) 168
12.4.7.4 Nigeria 168
12.4.7.4.1 High dependence on rental generators to provide continued power supply substantiates market growth in Nigeria 168
TABLE 90 NIGERIA: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION) 169
12.4.7.5 South Africa 169
12.4.7.5.1 Increasing investment in mining sector to fuel demand for power rental solutions in South Africa 169
TABLE 91 SOUTH AFRICA: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION) 170
12.4.7.6 Rest of the Middle East & Africa 170
TABLE 92 REST OF MIDDLE EAST & AFRICA: POWER RENTAL MARKET,
BY END USER, 2020–2027 (USD MILLION) 171
12.5 EUROPE 171
12.5.1 BY FUEL TYPE 172
TABLE 93 EUROPE: POWER RENTAL MARKET, BY FUEL TYPE,
2020–2027 (USD MILLION) 172
 
12.5.2 BY POWER RATING 172
TABLE 94 EUROPE: POWER RENTAL MARKET, BY POWER RATING,
2020–2027 (USD MILLION) 172
12.5.3 BY APPLICATION 173
TABLE 95 EUROPE: POWER RENTAL MARKET, BY APPLICATION,
2020–2027 (USD MILLION) 173
12.5.4 BY END USER 173
TABLE 96 EUROPE: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION) 173
12.5.5 BY RENTAL TYPE 173
TABLE 97 EUROPE: POWER RENTAL MARKET, BY RENTAL TYPE,
2020–2027 (USD MILLION) 173
12.5.6 BY EQUIPMENT 174
TABLE 98 EUROPE: POWER RENTAL MARKET, BY EQUIPMENT,
2020–2027 (USD MILLION) 174
12.5.7 BY COUNTRY 174
TABLE 99 EUROPE: POWER RENTAL MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 174
12.5.7.1 UK 174
12.5.7.1.1 Rapid industrialization is expected to drive power rental market in UK 174
TABLE 100 UK: POWER RENTAL MARKET, BY END USER, 2020–2027 (USD MILLION) 175
12.5.7.2 Russia 175
12.5.7.2.1 Surging investments in oil & gas and mining sectors to accelerate power rental market growth in Russia 175
TABLE 101 RUSSIA: POWER RENTAL MARKET, BY END USER,2020–2027 (USD MILLION) 176
12.5.7.3 Germany 176
12.5.7.3.1 Need for reliable backup power for manufacturing, data center, and construction sector to boost market growth in Germany 176
TABLE 102 GERMANY: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION) 177
12.5.7.4 Italy 177
12.5.7.4.1 Increasing focus on developments and events is expected to drive power rental market in Italy 177
TABLE 103 ITALY: POWER RENTAL MARKET, BY END USER, 2020–2027 (USD MILLION) 178
12.5.7.5 France 178
12.5.7.5.1 Demand for power rental solutions in mining sector and major events is fueling market growth in France 178
TABLE 104 FRANCE: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION) 179
12.5.7.6 Rest of Europe 179
TABLE 105 REST OF EUROPE: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION) 180
12.6 SOUTH AMERICA 180
12.6.1 BY FUEL TYPE 181
TABLE 106 SOUTH AMERICA: POWER RENTAL MARKET, BY FUEL TYPE,
2020–2027 (USD MILLION) 181
12.6.2 BY POWER RATING 181
TABLE 107 SOUTH AMERICA: POWER RENTAL MARKET, BY POWER RATING,
2020–2027 (USD MILLION) 181
12.6.3 BY APPLICATION 181
TABLE 108 SOUTH AMERICA: POWER RENTAL MARKET, BY APPLICATION,
2020–2027 (USD MILLION) 181
12.6.4 BY END USER 182
TABLE 109 SOUTH AMERICA: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION) 182
12.6.5 BY RENTAL TYPE 182
TABLE 110 SOUTH AMERICA: POWER RENTAL MARKET, BY RENTAL TYPE,
2020–2027 (USD MILLION) 182
12.6.6 BY EQUIPMENT 182
TABLE 111 SOUTH AMERICA: POWER RENTAL MARKET, BY EQUIPMENT,
2020–2027 (USD MILLION) 182
12.6.7 BY COUNTRY 183
TABLE 112 SOUTH AMERICA: POWER RENTAL MARKET, BY COUNTRY,
2020–2027 (USD MILLION) 183
12.6.7.1 Brazil 183
12.6.7.1.1 Increasing investments in mining sector and expansion of data centers propel demand for power rental solutions in Brazil 183
TABLE 113 BRAZIL: POWER RENTAL MARKET, BY END USER, 2020–2027 (USD MILLION) 184
12.6.7.2 Argentina 184
12.6.7.2.1 Investments in oil & gas, mining, and manufacturing industries to fuel demand for power rental equipment in Argentina 184
TABLE 114 ARGENTINA: POWER RENTAL MARKET BY END USER,
2020–2027 (USD MILLION) 185
12.6.7.3 Chile 185
12.6.7.3.1 Developments in infrastructure and mining sectors to augment market growth in Chile 185
TABLE 115 CHILE: POWER RENTAL MARKET, BY END USER, 2020–2027 (USD MILLION) 186
12.6.7.4 Rest of South America 186
TABLE 116 REST OF SOUTH AMERICA: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION) 187
13 COMPETITIVE LANDSCAPE 188
13.1 KEY PLAYERS STRATEGIES 188
TABLE 117 OVERVIEW OF KEY STRATEGIES ADOPTED BY TOP PLAYERS, 2018–2022 188
13.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS 190
TABLE 118 POWER RENTAL MARKET: DEGREE OF COMPETITION 190
FIGURE 51 POWER RENTAL MARKET SHARE ANALYSIS, 2020 191
13.3 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS 192
FIGURE 52 TOP PLAYERS IN POWER RENTAL MARKET FROM 2016 TO 2020 192
 
13.4 COMPETITIVE LEADERSHIP MAPPING 193
13.4.1 STAR 193
13.4.2 EMERGING LEADER 193
13.4.3 PERVASIVE 193
13.4.4 PARTICIPANT 193
FIGURE 53 POWER RENTAL MARKET: COMPETITIVE LEADERSHIP MAPPING, 2021 194
13.5 START-UP/SME EVALUATION QUADRANT, 2021 195
13.5.1 PROGRESSIVE COMPANIES 195
13.5.2 RESPONSIVE COMPANIES 195
13.5.3 DYNAMIC COMPANIES 195
13.5.4 STARTING BLOCKS 195
FIGURE 54 POWER RENTAL MARKET: START-UP/SME EVALUATION QUADRANT, 2020 196
TABLE 119 POWER RENTAL MARKET: DETAILED LIST OF KEY STARTUPS/SMES 197
TABLE 120 POWER RENTAL MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 198
13.6 POWER RENTAL MARKET: COMPANY FOOTPRINT 199
TABLE 121 POWER RATING: COMPANY POWER RATING FOOTPRINT 199
TABLE 122 FUEL TYPE: COMPANY FUEL TYPE FOOTPRINT 200
TABLE 123 END USER: COMPANY END USER FOOTPRINT 201
TABLE 124 REGION: COMPANY REGION FOOTPRINT 202
TABLE 125 COMPANY FOOTPRINT 203
13.7 COMPETITIVE SCENARIO 204
TABLE 126 POWER RENTAL MARKET: NEW PRODUCT LAUNCHES, JANUARY 2018–JANUARY 2022 204
TABLE 127 POWER RENTAL MARKET: DEALS, JANUARY 2018–JANUARY 2022 204
TABLE 128 POWER RENTAL MARKET: OTHERS, JANUARY 2018–JANUARY 2022 206
14 COMPANY PROFILES 207
14.1 KEY PLAYERS 207
(Business and financial overview, Products/solutions/services offered, Recent Developments, MNM view)*
14.1.1 AGGREKO PLC 207
TABLE 129 AGGREKO PLC: BUSINESS OVERVIEW 207
FIGURE 55 AGGREKO PLC: COMPANY SNAPSHOT, 2020 208
TABLE 130 AGGREKO PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 209
TABLE 131 AGGREKO PLC: PRODUCT LAUNCHES 210
TABLE 132 AGGREKO PLC: DEALS 211
TABLE 133 AGGREKO PLC: OTHERS 212
14.1.2 ASHTEAD GROUP PLC 214
TABLE 134 ASHTEAD GROUP PLC: BUSINESS OVERVIEW 214
FIGURE 56 ASHTEAD GROUP PLC: COMPANY SNAPSHOT, 2021 215
TABLE 135 ASHTEAD GROUP PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 215
TABLE 136 ASHTEAD GROUP PLC: OTHERS 216
14.1.3 UNITED RENTALS INC 218
TABLE 137 UNITED RENTALS INC: BUSINESS OVERVIEW 218
FIGURE 57 UNITED RENTALS INC: COMPANY SNAPSHOT, 2021 219
TABLE 138 UNITED RENTALS INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 219
TABLE 139 UNITED RENTALS INC: DEALS 220
TABLE 140 UNITED RENTALS INC: OTHERS 221
14.1.4 ATLAS COPCO 223
TABLE 141 ATLAS COPCO: BUSINESS OVERVIEW 223
FIGURE 58 ATLAS COPCO: COMPANY SNAPSHOT, 2020 224
TABLE 142 ATLAS COPCO: PRODUCTS/SOLUTIONS/SERVICES OFFERED 225
TABLE 143 ATLAS COPCO: PRODUCT LAUNCHES 225
TABLE 144 ATLAS COPCO: DEALS 226
TABLE 145 ATLAS COPCO: OTHERS 226
14.1.5 CATERPILLAR INC. 228
TABLE 146 CATERPILLAR INC: BUSINESS OVERVIEW 228
FIGURE 59 CATERPILLAR INC: COMPANY SNAPSHOT, 2020 229
TABLE 147 CATERPILLAR INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 229
TABLE 148 CATERPILLAR INC: DEALS 232
TABLE 149 CATERPILLAR INC: OTHERS 232
14.1.6 CUMMINS INC. 234
TABLE 150 CUMMINS INC.: BUSINESS OVERVIEW 234
FIGURE 60 CUMMINS INC.: COMPANY SNAPSHOT, 2021 235
TABLE 151 CUMMINS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 236
TABLE 152 CUMMINS INC.: PRODUCT LAUNCHES 237
14.1.7 HERC RENTALS 238
TABLE 153 HERC RENTALS: BUSINESS OVERVIEW 238
FIGURE 61 HERC RENTALS: COMPANY SNAPSHOT, 2020 239
TABLE 154 HERC RENTALS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 240
14.1.8 GENERAC HOLDINGS INC. 241
TABLE 155 GENERAC HOLDINGS INC.: BUSINESS OVERVIEW 241
FIGURE 62 GENERAC HOLDINGS INC.: COMPANY SNAPSHOT, 2020 242
TABLE 156 GENERAC HOLDINGS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 242
TABLE 157 GENERAC HOLDINGS INC: PRODUCT LAUNCHES 244
TABLE 158 GENERAC HOLDINGS INC: DEALS 245
TABLE 159 GENERAC HOLDINGS INC.: OTHERS 245
14.1.9 WACKER NEUSON 246
TABLE 160 WACKER NEUSON: BUSINESS OVERVIEW 246
FIGURE 63 WACKER NEUSON: COMPANY SNAPSHOT, 2020 247
TABLE 161 WACKER NEUSON: PRODUCTS/SOLUTIONS/SERVICES OFFERED 247
TABLE 162 WACKER NEUSON: PRODUCT LAUNCHES 248
TABLE 163 WACKER NEUSON: OTHERS 248
 
14.1.10 KOHLER CO 249
TABLE 164 KOHLER CO: BUSINESS OVERVIEW 249
TABLE 165 KOHLER CO: PRODUCTS/SOLUTIONS/SERVICES OFFERED 249
14.1.11 SOENERGY INTERNATIONAL 251
TABLE 166 SOENERGY INTERNATIONAL: BUSINESS OVERVIEW 251
TABLE 167 SOENERGY INTERNATONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 252
TABLE 168 SOENERGY INTERNATIONAL: OTHERS 252
14.1.12 BREDENOORD 253
TABLE 169 BREDENOORD: BUSINESS OVERVIEW 253
TABLE 170 BREDENOORD: PRODUCTS/SOLUTIONS/SERVICES OFFERED 254
TABLE 171 BREDENOORD: PRODUCT LAUNCHES 255
TABLE 172 BREDENOORD: DEALS 255
TABLE 173 BREDENOORD: OTHERS 256
14.1.13 ALLMAND BROTHERS INC. 257
TABLE 174 ALLMAND BROTHERS INC.: BUSINESS OVERVIEW 257
TABLE 175 ALLMAND BROTHERS INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 257
14.1.14 MULTIQUIP INC 259
TABLE 176 MULTIQUIP INC: BUSINESS OVERVIEW 259
TABLE 177 MULTIQUIP INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 260
14.1.15 OTHER KEY PLAYERS 261
14.1.15.1 J&J equipment rentals & sales 261
14.1.15.2 Ahern rentals 261
14.1.15.3 One source rentals 262
14.1.15.4 D.I.Y. rentals 262
14.1.15.5 APR energy 262
14.1.15.6 AL faris group 263
14.1.15.7 Shenton group 263
14.1.15.8 Propower rental 264
14.1.15.9 Yanmar 264
*Details on Business and financial overview, Products/solutions/services offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
15 APPENDIX 265
15.1 INSIGHTS OF INDUSTRY EXPERTS 265
15.2 DISCUSSION GUIDE 265
15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 270
15.4 AVAILABLE CUSTOMIZATIONS 272
15.5 RELATED REPORTS 272
15.6 AUTHOR DETAILS 273

Power Grid System Market in Subsea by Component (Cables, Variable Speed Drives, Transformers, Switchgears), Application (Captive Generation, Wind Powe...

Publisher:        MarketsandMarkets

# of Pages:        209

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Publication Date:  March, 2022

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1 INTRODUCTION 25
1.1 STUDY OBJECTIVES 25
1.2 DEFINITION 25
1.2.1 POWER GRID SYSTEM MARKET IN SUBSEA, BY COMPONENT: INCLUSIONS
& EXCLUSIONS 26
1.2.2 POWER GRID SYSTEM MARKET IN SUBSEA, BY APPLICATION: INCLUSIONS
& EXCLUSIONS 26
1.2.3 POWER GRID SYSTEM MARKET IN SUBSEA, BY DEPTH: INCLUSIONS
& EXCLUSIONS 26
1.3 MARKET SCOPE 27
1.3.1 POWER GRID SYSTEM MARKET IN SUBSEA SEGMENTATION 27
1.3.2 REGIONAL SCOPE 27
1.4 YEARS CONSIDERED 28
1.5 CURRENCY 28
1.6 LIMITATIONS 28
1.7 STAKEHOLDERS 29
1.8 SUMMARY OF CHANGES 29
2 RESEARCH METHODOLOGY 30
2.1 RESEARCH DATA 30
FIGURE 1 POWER GRID SYSTEM MARKET IN SUBSEA: RESEARCH DESIGN 30
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 31
FIGURE 2 DATA TRIANGULATION METHODOLOGY 31
2.2.1 SECONDARY DATA 32
2.2.1.1 Key data from secondary sources 32
2.2.2 PRIMARY DATA 32
2.2.2.1 Key data from primary sources 33
2.2.2.2 Breakdown of primaries 33
FIGURE 3 BREAKDOWN OF PRIMARIES 34
2.3 IMPACT OF COVID-19 34
2.4 MARKET SIZE ESTIMATION 35
2.4.1 BOTTOM-UP APPROACH 35
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 35
2.4.2 TOP-DOWN APPROACH 36
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 36
2.4.3 DEMAND-SIDE ANALYSIS 37
FIGURE 6 MAIN METRICS CONSIDERED WHILE ANALYZING AND ASSESSING
DEMAND FOR SUBSEA POWER GRID SYSTEMS 37
2.4.3.1 Demand-side calculation 37
2.4.3.2 Assumptions for demand-side analysis 38
2.4.4 SUPPLY-SIDE ANALYSIS 38
FIGURE 7 MAIN METRICS CONSIDERED IN ASSESSING SUPPLY FOR SUBSEA
POWER GRID SYSTEMS 38
FIGURE 8 POWER GRID SYSTEM MARKET IN SUBSEA: SUPPLY-SIDE ANALYSIS 39
2.4.4.1 Supply-side calculation 39
2.4.4.2 Assumptions for supply side 39
2.4.5 FORECAST 39
3 EXECUTIVE SUMMARY 40
TABLE 1 POWER GRID SYSTEM MARKET IN SUBSEA SNAPSHOT 41
FIGURE 9 EUROPE DOMINATED POWER GRID SYSTEM MARKET IN SUBSEA IN 2021 42
FIGURE 10 CABLES SEGMENT TO HOLD LARGEST SHARE OF POWER GRID SYSTEM MARKET IN SUBSEA, BY COMPONENT, DURING FORECAST PERIOD 42
FIGURE 11 CAPTIVE GENERATION SEGMENT TO ACCOUNT FOR LARGEST SHARE
OF POWER GRID SYSTEM MARKET IN 2027 43
FIGURE 12 DEEPWATER SEGMENT TO WITNESS HIGHER GROWTH RATE IN POWER
GRID SYSTEM MARKET IN SUBSEA, BY DEPTH, DURING FORECAST PERIOD 43
4 PREMIUM INSIGHTS 44
4.1 ATTRACTIVE OPPORTUNITIES IN POWER GRID SYSTEM MARKET IN SUBSEA 44
FIGURE 13 INCREASING DEEPWATER EXPLORATION DUE TO DEPLETING ONSHORE FOSSIL FUEL RESERVES TO DRIVE POWER GRID SYSTEM MARKET
IN SUBSEA, 2022–2027 44
4.2 POWER GRID SYSTEM MARKET IN SUBSEA, BY REGION 45
FIGURE 14 NORTH AMERICAN POWER GRID SYSTEM MARKET IN SUBSEA TO
GROW AT HIGHEST CAGR DURING FORECAST PERIOD 45
4.3 EUROPEAN POWER GRID SYSTEM MARKET IN SUBSEA, BY APPLICATION AND COUNTRY 45
FIGURE 15 WIND POWER SEGMENT AND UK DOMINATED POWER GRID SYSTEM MARKET IN SUBSEA, BY APPLICATION AND COUNTRY, RESPECTIVELY, IN 2021 45
4.4 POWER GRID SYSTEM MARKET IN SUBSEA, BY DEPTH 46
FIGURE 16 SHALLOW WATER SEGMENT TO ACCOUNT FOR LARGER SHARE THAN DEEPWATER SEGMENT IN 2027 46
4.5 POWER GRID SYSTEM MARKET IN SUBSEA, BY COMPONENT 46
FIGURE 17 CABLES SEGMENT TO ACCOUNT FOR LARGER SHARE IN 2027 46
4.6 POWER GRID SYSTEM MARKET IN SUBSEA, BY APPLICATION 47
FIGURE 18 CAPTIVE GENERATION SEGMENT TO ACCOUNT FOR LARGEST SHARE IN 2027 47
5 MARKET OVERVIEW 48
5.1 INTRODUCTION 48
5.2 MARKET DYNAMICS 48
FIGURE 19 POWER GRID SYSTEM MARKET IN SUBSEA: MARKET DRIVERS 48
5.2.1 DRIVERS 49
5.2.1.1 Increased deepwater oil and gas exploration activities due to depleting onshore fossil fuel reserves 49
TABLE 2 OIL RESERVES (BILLION BARRELS), BY COUNTRY, 2021 49
5.2.1.2 Favorable government policies for offshore renewable power production, especially using wind energy 50
FIGURE 20 GLOBAL ENERGY SUPPLY INVESTMENT, BY SECTOR, 2019–2021 50
FIGURE 21 NEW WIND POWER INSTALLATIONS, 2020 51
FIGURE 22 GROWTH OF WIND POWER CAPACITY FROM 2021 TO 2025, BY REGION (MW) 51
5.2.1.3 Urgent need to reduce carbon emissions and improve grid
reliability and efficiency 51
5.2.2 RESTRAINTS 52
5.2.2.1 High operational and technological risks 52
5.2.2.2 Greater energy losses witnessed during long-distance
power transmission 52
5.2.3 OPPORTUNITIES 52
5.2.3.1 Potential of tidal energy to meet subsea power requirements 52
5.2.3.2 Easy access of wind turbine technology to offshore locations 53
5.2.4 CHALLENGES 53
5.2.4.1 Shortage of technical professionals in subsea industry 53
5.2.4.2 Low cost of onshore electricity generation 53
5.2.4.3 Climatic challenges pertaining to operations of offshore wind farms 54
5.3 SUPPLY CHAIN ANALYSIS 54
FIGURE 23 POWER GRID SYSTEM MARKET IN SUBSEA: SUPPLY CHAIN ANALYSIS 54
5.3.1 GRID MANUFACTURER 54
5.3.2 GRID INFRASTRUCTURE INSTALLER 55
5.3.3 END USER 55
5.4 PORTER’S FIVE FORCES ANALYSIS 55
FIGURE 24 POWER GRID SYSTEM MARKET IN SUBSEA: PORTER’S FIVE
FORCES ANALYSIS 55
TABLE 3 POWER GRID SYSTEM MARKET IN SUBSEA: PORTER’S FIVE
FORCES ANALYSIS 56
5.4.1 THREAT OF NEW ENTRANTS 56
5.4.2 BARGAINING POWER OF SUPPLIERS 56
5.4.3 BARGAINING POWER OF BUYERS 56
5.4.4 THREAT OF SUBSTITUTES 56
5.4.5 DEGREE OF COMPETITION 56
5.5 PATENT ANALYSIS 57
TABLE 4 PATENTS RELATED TO OFFSHORE WIND AND OIL & GAS 57
6 POWER GRID SYSTEM MARKET IN SUBSEA, BY COMPONENT 59
6.1 INTRODUCTION 60
FIGURE 25 POWER GRID SYSTEM MARKET IN SUBSEA, BY COMPONENT, 2021 60
TABLE 5 POWER GRID SYSTEM MARKET IN SUBSEA, BY COMPONENT,
2020–2027 (USD MILLION) 61
6.2 CABLES 61
6.2.1 RISE IN DEMAND FROM OFFSHORE WIND AND OIL & GAS INDUSTRIES
TO BOOST GROWTH OF MARKET FOR CABLES 61
TABLE 6 CABLES: POWER GRID SYSTEM MARKET IN SUBSEA, BY REGION,
2020–2027 (USD MILLION) 62
6.3 VARIABLE SPEED DRIVES 62
6.3.1 REDUCTION IN CABLING COST TO DRIVE GROWTH OF MARKET FOR VARIABLE SPEED DRIVES DURING FORECAST PERIOD 62
TABLE 7 VARIABLE SPEED DRIVES: POWER GRID SYSTEM MARKET IN SUBSEA,
BY REGION, 2020–2027 (USD MILLION) 63
6.4 TRANSFORMERS 63
6.4.1 GROWTH IN OFFSHORE OIL & GAS EXPLORATION AND PRODUCTION ACTIVITIES TO BOOST MARKET GROWTH IN COMING YEARS 63
TABLE 8 TRANSFORMERS: POWER GRID SYSTEM MARKET IN SUBSEA, BY REGION, 2020–2027 (USD MILLION) 64
6.5 SWITCHGEARS 64
6.5.1 NEED FOR SAFE, EFFICIENT, AND RELIABLE POWER SUPPLY TO ACCELERATE CREATES DEMAND FOR SWITCHGEARS 64
TABLE 9 SWITCHGEARS: POWER GRID SYSTEM MARKET IN SUBSEA, BY REGION, 2020–2027 (USD MILLION) 65
6.6 OTHERS 65
TABLE 10 OTHERS: POWER GRID SYSTEM MARKET IN SUBSEA, BY REGION,
2020–2027 (USD MILLION) 65
7 POWER GRID SYSTEM MARKET IN SUBSEA, BY APPLICATION 66
7.1 INTRODUCTION 67
FIGURE 26 POWER GRID SYSTEM MARKET IN SUBSEA, BY APPLICATION, 2021 67
TABLE 11 POWER GRID SYSTEM MARKET IN SUBSEA, BY APPLICATION,
2020–2027 (USD MILLION) 67
7.2 WIND POWER 68
7.2.1 SURGING USE OF SUBSEA POWER CABLES FOR LONG-DISTANCE POWER TRANSMISSION BY OFFSHORE WIND POWER GENERATION PLANTS 68
TABLE 12 WIND POWER: POWER GRID SYSTEM MARKET IN SUBSEA, BY REGION, 2020–2027 (USD MILLION) 69
7.3 CAPTIVE GENERATION 69
7.3.1 INCREASING SUBSEA OPERATIONS AND RISING NUMBER OF
DEEPWATER DRILLING ACTIVITIES ACCELERATE DEMAND FOR
SUBSEA POWER GRID SYSTEMS 69
TABLE 13 CAPTIVE GENERATION: POWER GRID SYSTEM MARKET IN SUBSEA,
BY REGION, 2020–2027 (USD MILLION) 70
7.4 OTHERS 70
TABLE 14 OTHERS: POWER GRID SYSTEM MARKET IN SUBSEA, BY REGION,
2020–2027 (USD MILLION) 71
8 POWER GRID SYSTEM MARKET IN SUBSEA, BY DEPTH 72
8.1 INTRODUCTION 73
FIGURE 27 POWER GRID SYSTEM MARKET IN SUBSEA, BY DEPTH, 2021 73
TABLE 15 POWER GRID SYSTEM MARKET IN SUBSEA, BY DEPTH,
2020–2027 (USD MILLION) 73
8.2 SHALLOW WATER 73
8.2.1 LOWER COSTS ASSOCIATED WITH SHALLOW WATER PROJECTS THAN DEEPWATER PROJECTS TO DRIVE MARKET GROWTH 73
TABLE 16 SHALLOW WATER: POWER GRID SYSTEM MARKET IN SUBSEA, BY REGION, 2020–2027 (USD MILLION) 74
8.3 DEEPWATER 74
8.3.1 INCREASING OFFSHORE OIL AND GAS EXPLORATION AND PRODUCTION ACTIVITIES IN DEEPWATER TO DRIVE MARKET GROWTH 74
TABLE 17 DEEPWATER: POWER GRID SYSTEM MARKET IN SUBSEA, BY REGION,
2020–2027 (USD MILLION) 74
9 POWER GRID SYSTEM MARKET IN SUBSEA, BY REGION 75
9.1 INTRODUCTION 76
FIGURE 28 NORTH AMERICA TO REGISTER HIGHEST CAGR IN POWER GRID SYSTEM MARKET IN SUBSEA DURING FORECAST PERIOD 76
FIGURE 29 REGION-WISE SHARE ANALYSIS OF POWER GRID SYSTEM MARKET
IN SUBSEA,2021 77
TABLE 18 POWER GRID SYSTEM MARKET IN SUBSEA, BY REGION,
2020–2027 (USD MILLION) 77
9.2 EUROPE 78
FIGURE 30 SNAPSHOT: POWER GRID SYSTEM MARKET IN SUBSEA IN EUROPE 79
9.2.1 BY COMPONENT 80
TABLE 19 EUROPE: POWER GRID SYSTEM MARKET IN SUBSEA, BY COMPONENT, 2020–2027 (USD MILLION) 80
9.2.2 BY APPLICATION 80
TABLE 20 EUROPE: POWER GRID SYSTEM MARKET IN SUBSEA, BY APPLICATION, 2020–2027 (USD MILLION) 80
9.2.3 BY DEPTH 80
TABLE 21 EUROPE: POWER GRID SYSTEM MARKET IN SUBSEA, BY DEPTH,
2020–2027 (USD MILLION) 80
9.2.4 BY COUNTRY 81
TABLE 22 EUROPE: POWER GRID SYSTEM MARKET IN SUBSEA, BY COUNTRY,
2020–2027 (USD MILLION) 81
9.2.4.1 Germany 81
9.2.4.1.1 Government initiatives to expand offshore wind power capacity to boost market growth 81
TABLE 23 GERMANY: POWER GRID SYSTEM MARKET IN SUBSEA, BY APPLICATION, 2020–2027 (USD MILLION) 82
9.2.4.2 Russia 82
9.2.4.2.1 New offshore drilling activities to accelerate market growth 82
TABLE 24 RUSSIA: POWER GRID SYSTEM MARKET IN SUBSEA, BY APPLICATION,
2020–2027 (USD MILLION) 82
9.2.4.3 Norway 83
9.2.4.3.1 Increase in deepwater oil & gas exploration activities in Norwegian Continental Shelf fuels market growth 83
TABLE 25 NORWAY: POWER GRID SYSTEM MARKET IN SUBSEA, BY APPLICATION, 2020–2027 (USD MILLION) 83
9.2.4.4 UK 84
9.2.4.4.1 Government focus on increasing offshore wind capacity
to spur demand for subsea power grid systems 84
TABLE 26 UK: POWER GRID SYSTEM MARKET IN SUBSEA, BY APPLICATION,
2020–2027 (USD MILLION) 85
9.2.4.5 Netherlands 85
9.2.4.5.1 Huge investments in offshore wind projects to promote market growth 85
TABLE 27 NETHERLANDS: POWER GRID SYSTEM MARKET IN SUBSEA, BY APPLICATION, 2020–2027 (USD MILLION) 86
9.2.4.6 Denmark 86
9.2.4.6.1 Significant investments in offshore wind industry to push market growth 86
TABLE 28 DENMARK: POWER GRID SYSTEM MARKET IN SUBSEA, BY APPLICATION, 2020–2027 (USD MILLION) 86
9.2.4.7 Rest of Europe 87
TABLE 29 REST OF EUROPE: POWER GRID SYSTEM MARKET IN SUBSEA,
BY APPLICATION, 2020–2027 (USD MILLION) 87
9.3 ASIA PACIFIC 88
FIGURE 31 SNAPSHOT: POWER GRID SYSTEM MARKET IN SUBSEA IN ASIA PACIFIC 89
9.3.1 BY COMPONENT 90
TABLE 30 ASIA PACIFIC: POWER GRID SYSTEM MARKET IN SUBSEA, BY COMPONENT, 2020–2027 (USD MILLION) 90
9.3.2 BY APPLICATION 90
TABLE 31 ASIA PACIFIC: POWER GRID SYSTEM MARKET IN SUBSEA, BY APPLICATION, 2020–2027 (USD MILLION) 90
9.3.3 BY DEPTH 90
TABLE 32 ASIA PACIFIC: POWER GRID SYSTEM MARKET IN SUBSEA, BY DEPTH,
2020–2027 (USD MILLION) 90
9.3.4 BY COUNTRY 91
TABLE 33 ASIA PACIFIC: POWER GRID SYSTEM MARKET IN SUBSEA, BY COUNTRY, 2020–2027 (USD MILLION) 91
9.3.4.1 China 91
9.3.4.1.1 Considerable investments in renewable energy projects
and strong commitment toward decarbonization to stimulate market growth 91
TABLE 34 CHINA: POWER GRID SYSTEM MARKET IN SUBSEA, BY APPLICATION,
2020–2027 (USD MILLION) 92
9.3.4.2 India 92
9.3.4.2.1 Upcoming projects for offshore wind production are likely to drive market growth 92
TABLE 35 INDIA: POWER GRID SYSTEM MARKET IN SUBSEA, BY APPLICATION,
2020–2027 (USD MILLION) 92
9.3.4.3 Japan 93
9.3.4.3.1 Active participation of government in offshore wind production and promoting wind farm developers 93
TABLE 36 JAPAN: POWER GRID SYSTEM MARKET IN SUBSEA, BY APPLICATION,
2020–2027 (USD MILLION) 93
9.3.4.4 South Korea 93
9.3.4.4.1 Rise in offshore wind installations in South Korea to
support market growth 93
TABLE 37 SOUTH KOREA: POWER GRID SYSTEM MARKET IN SUBSEA, BY APPLICATION, 2020–2027 (USD MILLION) 94
9.3.4.5 Taiwan 94
9.3.4.5.1 Elevated offshore energy requirements and thriving renewable energy industry to fuel market growth 94
TABLE 38 TAIWAN: POWER GRID SYSTEM MARKET IN SUBSEA, BY APPLICATION,
2020–2027 (USD MILLION) 94
9.3.4.6 Rest of Asia Pacific 95
TABLE 39 REST OF ASIA PACIFIC: POWER GRID SYSTEM MARKET IN SUBSEA,
BY APPLICATION, 2020–2027 (USD MILLION) 95
9.4 NORTH AMERICA 96
9.4.1 BY COMPONENT 96
TABLE 40 NORTH AMERICA: POWER GRID SYSTEM MARKET IN SUBSEA,
BY COMPONENT, 2020–2027 (USD MILLION) 96
9.4.2 BY APPLICATION 97
TABLE 41 NORTH AMERICA: POWER GRID SYSTEM MARKET IN SUBSEA,
BY APPLICATION, 2020–2027 (USD MILLION) 97
9.4.3 BY DEPTH 97
TABLE 42 NORTH AMERICA: POWER GRID SYSTEM MARKET IN SUBSEA, BY DEPTH, 2020–2027 (USD MILLION) 97
9.4.4 BY COUNTRY 97
TABLE 43 NORTH AMERICA: POWER GRID SYSTEM MARKET IN SUBSEA, BY COUNTRY, 2020–2027 (USD MILLION) 97
9.4.4.1 US 98
9.4.4.1.1 Increasing number of offshore wind projects and growing need to improve oil and gas production output to surge requirement for subsea power grid systems 98
TABLE 44 US: POWER GRID SYSTEM MARKET IN SUBSEA, BY APPLICATION,
2020–2027 (USD MILLION) 99
9.4.4.2 Canada 99
9.4.4.2.1 Rising focus and growing investments in offshore wind projects to provide lucrative opportunities 99
TABLE 45 CANADA: POWER GRID SYSTEM MARKET IN SUBSEA, BY APPLICATION, 2020–2027 (USD MILLION) 100
9.4.4.3 Mexico 100
9.4.4.3.1 increasing CAPEX and investments toward offshore E&P activities and elevating energy requirements to boost demand for subsea power grid systems 100
TABLE 46 MEXICO: POWER GRID SYSTEM MARKET IN SUBSEA, BY APPLICATION, 2020–2027 (USD MILLION) 101
 
9.5 MIDDLE EAST & AFRICA 101
9.5.1 BY COMPONENT 102
TABLE 47 MIDDLE EAST & AFRICA: POWER GRID SYSTEM MARKET IN SUBSEA,
BY COMPONENT, 2020–2027 (USD MILLION) 102
9.5.2 BY APPLICATION 102
TABLE 48 MIDDLE EAST & AFRICA: POWER GRID SYSTEM MARKET IN SUBSEA,
BY APPLICATION, 2020–2027 (USD MILLION) 102
9.5.3 BY DEPTH 102
TABLE 49 MIDDLE EAST & AFRICA: POWER GRID SYSTEM MARKET IN SUBSEA,
BY DEPTH, 2020–2027 (USD MILLION) 102
9.5.4 BY COUNTRY 103
TABLE 50 MIDDLE EAST & AFRICA: POWER GRID SYSTEM MARKET IN SUBSEA,
BY COUNTRY, 2020–2027 (USD MILLION) 103
9.5.4.1 Saudi Arabia 103
9.5.4.1.1 Saudi Arabia to be fastest-growing market in MEA during forecast period 103
TABLE 51 SAUDI ARABIA: POWER GRID SYSTEM MARKET IN SUBSEA, BY APPLICATION, 2020–2027 (USD MILLION) 103
9.5.4.2 UAE 104
9.5.4.2.1 UAE to account for largest share of Middle Eastern
& African market throughout forecast period 104
TABLE 52 UAE: POWER GRID SYSTEM MARKET IN SUBSEA, BY APPLICATION,
2020–2027 (USD MILLION) 104
9.5.4.3 Qatar 104
9.5.4.3.1 Country’s focus on offshore drilling activities is likely to propel growth of power grid system market in subsea 104
TABLE 53 QATAR: POWER GRID SYSTEM MARKET IN SUBSEA, BY APPLICATION,
2020–2027 (USD MILLION) 104
9.5.4.4 Rest of Middle East & Africa 105
TABLE 54 REST OF MIDDLE EAST & AFRICA: POWER GRID SYSTEM MARKET
IN SUBSEA, BY APPLICATION, 2020–2027 (USD MILLION) 105
9.6 SOUTH AMERICA 105
9.6.1 BY COMPONENT 106
TABLE 55 SOUTH AMERICA: POWER GRID SYSTEM MARKET IN SUBSEA,
BY COMPONENT, 2020–2027 (USD MILLION) 106
9.6.2 BY APPLICATION 106
TABLE 56 SOUTH AMERICA: POWER GRID SYSTEM MARKET IN SUBSEA,
BY APPLICATION, 2020–2027 (USD MILLION) 106
9.6.3 BY DEPTH 106
TABLE 57 SOUTH AMERICA: POWER GRID SYSTEM MARKET IN SUBSEA, BY DEPTH, 2020–2027 (USD MILLION) 106
9.6.4 BY COUNTRY 107
TABLE 58 SOUTH AMERICA: POWER GRID SYSTEM MARKET IN SUBSEA, BY COUNTRY, 2020–2027 (USD MILLION) 107
9.6.4.1 Brazil 107
9.6.4.1.1 Direct investments by foreign companies in oil & gas projects and growing deepwater exploration activities to foster market growth 107
TABLE 59 BRAZIL: POWER GRID SYSTEM MARKET IN SUBSEA, BY APPLICATION,
2020–2027 (USD MILLION) 108
9.6.4.2 Argentina 108
9.6.4.2.1 Prime focus on offshore gas exploration and production activities and favorable government policies to support market growth 108
TABLE 60 ARGENTINA: POWER GRID SYSTEM MARKET IN SUBSEA, BY APPLICATION, 2020–2027 (USD MILLION) 109
9.6.4.3 Rest of South America 109
TABLE 61 REST OF SOUTH AMERICA: POWER GRID SYSTEM MARKET IN SUBSEA,
BY APPLICATION, 2020–2027 (USD MILLION) 110
10 COMPETITIVE LANDSCAPE 111
10.1 KEY PLAYERS STRATEGIES 111
TABLE 62 OVERVIEW OF KEY STRATEGIES ADOPTED BY TOP PLAYERS,
JANUARY 2018–MARCH 2022 111
10.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS 114
TABLE 63 POWER GRID SYSTEM MARKET IN SUBSEA: DEGREE OF COMPETITION 115
FIGURE 32 POWER GRID SYSTEM MARKET IN SUBSEA: MARKET SHARE ANALYSIS, 2021 115
10.3 REVENUE ANALYSIS OF TOP MARKET PLAYERS 116
FIGURE 33 REVENUE OF TOP PLAYERS IN POWER GRID SYSTEM MARKET IN SUBSEA FROM 2016 TO 2021 116
10.4 COMPANY EVALUATION QUADRANT 117
10.4.1 STAR 117
10.4.2 PERVASIVE 117
10.4.3 EMERGING LEADER 117
10.4.4 PARTICIPANT 117
FIGURE 34 COMPETITIVE LEADERSHIP MAPPING: POWER GRID SYSTEM
MARKET IN SUBSEA, 2021 118
10.5 POWER GRID SYSTEM MARKET IN SUBSEA: COMPANY FOOTPRINT 119
TABLE 64 BY COMPONENT: COMPANY FOOTPRINT 119
TABLE 65 BY APPLICATION: COMPANY FOOTPRINT 120
TABLE 66 BY REGION: COMPANY FOOTPRINT 121
TABLE 67 COMPANY FOOTPRINT 122
10.6 COMPETITIVE SCENARIO 123
TABLE 68 POWER GRID SYSTEM MARKET IN SUBSEA: DEALS, MARCH
2021–FEBRUARY 2022 123
TABLE 69 POWER GRID SYSTEM MARKET IN SUBSEA: OTHERS, SEPTEMBER
2019–MARCH 2022 124
 
11 COMPANY PROFILES 127
11.1 KEY PLAYERS 127
(Business and financial overview, Products/services offered, Recent Developments, Deals, MnM view, Key strengths/right to win, Strategic choices made, Weakness/competitive threats)*
11.1.1 ABB 127
TABLE 70 ABB: BUSINESS OVERVIEW 127
FIGURE 35 ABB: COMPANY SNAPSHOT, 2021 128
TABLE 71 ABB: PRODUCTS/SERVICES OFFERED 128
TABLE 72 ABB: DEALS 129
TABLE 73 ABB: OTHERS 130
11.1.2 SIEMENS ENERGY 133
TABLE 74 SIEMENS ENERGY: BUSINESS OVERVIEW 133
FIGURE 36 SIEMENS ENERGY: COMPANY SNAPSHOT, 2021 134
TABLE 75 SIEMENS ENERGY: PRODUCTS/SERVICES OFFERED 134
TABLE 76 SIEMENS ENERGY: OTHERS 135
11.1.3 GENERAL ELECTRIC 137
TABLE 77 GENERAL ELECTRIC: BUSINESS OVERVIEW 137
FIGURE 37 GENERAL ELECTRIC: COMPANY SNAPSHOT, 2021 138
TABLE 78 GENERAL ELECTRIC: PRODUCTS/SERVICES OFFERED 138
TABLE 79 GENERAL ELECTRIC: DEALS 139
TABLE 80 GENERAL ELECTRIC: OTHERS 140
11.1.4 PRYSMIAN GROUP 142
TABLE 81 PRYSMIAN GROUP: BUSINESS OVERVIEW 142
FIGURE 38 PRYSMIAN GROUP: COMPANY SNAPSHOT, 2020 143
TABLE 82 PRYSMIAN GROUP: PRODUCTS/SERVICES OFFERED 143
TABLE 83 PRYSMIAN GROUP: DEALS 145
TABLE 84 PRYSMIAN GROUP: OTHERS 146
11.1.5 NEXANS 155
TABLE 85 NEXANS: BUSINESS OVERVIEW 155
FIGURE 39 NEXANS: COMPANY SNAPSHOT, 2020 156
TABLE 86 NEXANS: PRODUCTS/SERVICES OFFERED 157
TABLE 87 NEXANS: DEALS 158
TABLE 88 NEXANS: OTHERS 158
11.1.6 BAKER HUGHES 164
TABLE 89 BAKER HUGHES: BUSINESS OVERVIEW 164
FIGURE 40 BAKER HUGHES: COMPANY SNAPSHOT, 2021 165
TABLE 90 BAKER HUGHES: PRODUCTS/SERVICES OFFERED 165
TABLE 91 BAKER HUGHES: OTHERS 166
11.1.7 SCHLUMBERGER 167
TABLE 92 SCHLUMBERGER: BUSINESS OVERVIEW 167
FIGURE 41 SCHLUMBERGER: COMPANY SNAPSHOT, 2021 168
TABLE 93 SCHLUMBERGER: PRODUCTS/SERVICES OFFERED 169
TABLE 94 SCHLUMBERGER: OTHERS 169
11.1.8 TECHNIPFMC 170
TABLE 95 TECHNIPFMC: BUSINESS OVERVIEW 170
FIGURE 42 TECHNIPFMC: COMPANY SNAPSHOT, 2021 171
TABLE 96 TECHNIPFMC: PRODUCTS/SERVICES OFFERED 171
TABLE 97 TECHNIPFMC: DEALS 172
TABLE 98 TECHNIPFMC: OTHERS 173
11.1.9 AKER SOLUTIONS ASA 177
TABLE 99 AKER SOLUTIONS ASA: BUSINESS OVERVIEW 177
FIGURE 43 AKER SOLUTIONS ASA: COMPANY SNAPSHOT, 2020 178
TABLE 100 AKER SOLUTIONS ASA: PRODUCTS/SERVICES OFFERED 178
TABLE 101 AKER SOLUTIONS ASA: DEALS 179
TABLE 102 AKER SOLUTIONS ASA: OTHERS 180
11.1.10 NKT 182
TABLE 103 NKT: BUSINESS OVERVIEW 182
FIGURE 44 NKT: COMPANY SNAPSHOT, 2021 183
TABLE 104 NKT: PRODUCTS/SERVICES OFFERED 183
TABLE 105 NKT: DEALS 184
TABLE 106 NKT: OTHERS 185
11.1.11 OCEANEERING INTERNATIONAL 188
TABLE 107 OCEANEERING INTERNATIONAL: BUSINESS OVERVIEW 188
FIGURE 45 OCEANEERING INTERNATIONAL: COMPANY SNAPSHOT, 2021 189
TABLE 108 OCEANEERING INTERNATIONAL: PRODUCTS/SERVICES OFFERED 189
TABLE 109 OCEANEERING INTERNATIONAL: OTHERS 190
11.1.12 HITACHI ENERGY 191
TABLE 110 HITACHI ENERGY: BUSINESS OVERVIEW 191
TABLE 111 HITACHI ENERGY: PRODUCTS/SERVICES OFFERED 191
TABLE 112 HITACHI ENERGY: DEALS 192
TABLE 113 HITACHI ENERGY: OTHERS 192
11.1.13 SUMITOMO ELECTRIC INDUSTRIES, LTD. 193
TABLE 114 SUMITOMO ELECTRIC INDUSTRIES, LTD.: BUSINESS OVERVIEW 193
FIGURE 46 SUMITOMO ELECTRIC INDUSTRIES, LTD.: COMPANY SNAPSHOT, 2020 194
TABLE 115 SUMITOMO ELECTRIC INDUSTRIES, LTD.: PRODUCTS/SERVICES OFFERED 194
TABLE 116 SUMITOMO ELECTRIC INDUSTRIES, LTD.: OTHERS 195
11.1.14 TE CONNECTIVITY 196
TABLE 117 TE CONNECTIVITY: BUSINESS OVERVIEW 196
FIGURE 47 TE CONNECTIVITY: COMPANY SNAPSHOT, 2021 197
TABLE 118 TE CONNECTIVITY: PRODUCTS/SERVICES OFFERED 198
11.1.15 TELEDYNE MARINE 199
TABLE 119 TELEDYNE MARINE: BUSINESS OVERVIEW 199
TABLE 120 TELEDYNE MARINE: PRODUCTS/SERVICES OFFERED 200
 
11.2 OTHER PLAYERS 201
11.2.1 ZTT 201
11.2.2 SCHNEIDER ELECTRIC 202
11.2.3 APAR INDUSTRIES LTD. 203
11.2.4 LS CABLE & SYSTEM LTD. 204
11.2.5 SSG CABLE 205
*Details on Business Overview, Products Offered, Recent Developments, Deals, MnM view, Key strengths/right to win, Strategic choices made, Weakness/competitive threats might not be captured in case of unlisted companies.
12 APPENDIX 206
12.1 INSIGHTS OF INDUSTRY EXPERTS 206
12.2 DISCUSSION GUIDE 207
12.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 211
12.4 AVAILABLE CUSTOMIZATIONS 213
12.5 RELATED REPORTS 213
12.6 AUTHOR DETAILS 214